Peer Analysis

Performance Ratios (%) FBNC Peer Median Peer Average
ROAA 1.57 1.21 1.07
ROAE 12.18 9.15 8.39
Net Interest Margin 4.06 3.82 3.87
Efficiency Ratio 54.94 56.45 58.50
Loans / Deposits 89.71 92.04 91.12
Asset Quality Ratios (%)
NPAs / Assets 0.65 0.75 1.03
NCOs / Avg Loans 0.07 0.10 0.15
Reserves / Loans 0.49 0.74 0.74
Reserves / NPAs 53.36 67.53 124.26
Capital Ratios (%)
Tier 1 Capital 13.73 12.69 13.04
Tangible Equity / Tangible Assets 9.28 9.94 10.29
Total Equity / Total Assets 13.03 13.14 13.07
Market Ratios
Price / Earnings (x) 11.41 14.07 16.51
Price / Book (%) 131.80 125.42 135.07
Dividend Yield (%) 1.37 2.17 1.83
Data for trailing four quarters

First Bancorp's peer group consists of the following: Ameris Bancorp (ABCB), Atlantic Union Bankshares Corporation (AUB), BNC Bancorp, Capital City Bank Group, Inc. (CCBG), Cardinal Financial Corporation (CFNL), Carter Bank & Trust (CARE), CenterState Bank Corporation (CSFL), City Holding Company (CHCO), Community Trust Bancorp, Inc. (CTBI), CommunityOne Bancorp (COB), Fidelity Southern Corporation, First Community Bankshares, Inc. (FCBC), Renasant Corporation (RNST), Republic Bancorp, Inc. (RBCA.A), Seacoast Banking Corporation of Florida (SBCF), South State Corporation (SSB), State Bank Financial Corporation (STBZ), Stock Yards Bancorp, Inc. (SYBT), TowneBank (TOWN), Xenith Bankshares, Inc. (XBKS), Yadkin Financial Corporation

First Bancorp's financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019 except for these companies:

City Holding Company's financial data is as of 6/30/2019.
Community Trust Bancorp, Inc.'s financial data is as of 6/30/2019.
Renasant Corporation's financial data is as of 6/30/2019.
Atlantic Union Bankshares Corporation's financial data is as of 6/30/2019.
Capital City Bank Group, Inc.'s financial data is as of 6/30/2019.
CommunityOne Bancorp's financial data is as of 6/30/2016.
Republic Bancorp, Inc.'s financial data is as of 6/30/2019.
Cardinal Financial Corporation's financial data is as of 3/31/2017.
Xenith Bankshares, Inc.'s financial data is as of 12/31/2017.
BNC Bancorp's financial data is as of 3/31/2017.
Yadkin Financial Corporation's financial data is as of 12/31/2016.
State Bank Financial Corporation's financial data is as of 9/30/2018.